Newsmakers
State & Municipal Treasurers Publish Letter Encouraging McCarthy to Make Deal on Federal Debt Ceiling
They say a default would be ‘catastrophic’ and devalue portfolios, damaging pension funds and 401(k) plans.
Tag: Maryland
Asset Allocation
Maryland State Retirement System Loses 3% in Fiscal Year 2022
Despite the loss, the pension fund beat its benchmark by 53 basis points.
Newsmakers
Maryland to Launch Retirement Program in Summer 2022
MarylandSaves is the first state-sponsored automatic plan to provide income during retirement.
Manager Selection
Maryland State Pension Receives $405,000 in LIBOR Restitution from UBS
The payout settles charges that the Swiss bank manipulated interest rate benchmark during the 2008 financial crisis.
Risk
Maryland Plan Misses Target, Lowers Assumptions
Private equity again rises to the top, but it’s not enough to help the fund clear its benchmark.
Newsmakers
New Maryland Law Requires State Pension to Reveal All Fees
Unreported carried interest accounted for as much as 35% of state pension’s total fees in 2018.
Newsmakers
Two States Assail Alabama Following Abortion Ban
Maryland comptroller Franchot says pension money will not be used to ‘subsidize extremism.’
Regulation
Judge Rules Baltimore Violated Pension Contract
Court says 2010 pension overhaul ‘breached its contract’ with city police and firefighters.
Newsmakers
Baltimore Council Votes Unanimously to End “Double-Dipping” Policy
New bill will take effect next month.
Maryland SRPS Returns 10% in FY2017
Private, public equity reap the majority of gains.